CALCMONEY // MORTGAGE // TX
Calculate your monthly mortgage payment using Texas-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$301,806
6.76%
1.4%
None
How today's 6.76% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.76% | — |
| 2024 avg | 7.18% | -0.42% |
| 2023 avg | 7.61% | -0.85% |
| 2022 peak | 7.44% | -0.68% |
| 2021 avg | 3.36% | +3.40% |
| 2020 avg | 3.16% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Texas market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,568 |
| Property Tax | $352 |
| Homeowners Insurance (est.) | $101 |
| Total Monthly Payment (PITI) | $2,020 |
$60,361
$322,895
$86,585/yr
Statewide, Texas's median home price runs $301,806, 28% below the $420,000 national median. The 3.8x price-to-income ratio here is measured against a $79,721 median household income.
Texas's 1.4% average property tax rate runs above the 1.1% national average, working out to $352/month on the median home here.
Texas charges no state income tax. Every dollar of the $79,721 median household income here converts more directly into covering the $2,020/month payment.
Texas's cost of living index is 91, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Texas's median home price runs 1% higher than Illinois: $299,900 there versus $301,806 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $241,445 loan saves $10,865 in interest over 30 years.
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